Finance & Accounting
Edata Solutions is a leading Business Process Outsourcing provider offering unconventional experience, powered by a combination of domain expertise, process skills and superior technology to clients across the globe. The company has 20+ years of innovative Business process solutions and employs over a 1000+ Professionals with Clientele across USA, Europe, Australia & India. Our existing clientele comprises of Financial Services Companies, Logistics, Retail and FinTech Companies. We have our offices in Fremont, Los Angeles, Mumbai (India) & Nashik (India).
Finance & Account Outsourcing
Edata Solutions, along with its domestic arm ProDocs Solutions offers F&A, Tax, TP, Enterprise Risk Management Outsourcing Services that helps you to grow your business value by delivering real time financial results, MI and Dashboards. We optimize the usage of Human Capital, AI, Robotics and ML delivering an automated intelligent solution for your Finance Model. As a result, our clients see improvement in turnaround time for the Book-close, higher levels of Controls, Efficiency and Productivity and proactive Risk mitigation and minimization. We offer Offshoring & Near shoring for services ranging from Record to Report, Accounting, Allocations, Reconciliations, Tax & TP, Book Close and Regulatory Filing.
We are a one stop solution for F&A Services supporting the Global Finance Leaders manage Finance functions in a more transforming, effective and efficient manner by making Finance functions more predictive and proactive using dynamic analytical solutions with AI delivering a future ready culture.
Our Leadership Team collectively have more than 100 man years’ experience in delivering F&A Innovative Business Process Solutions across the several regions of the globe. They have worked with organizations like GE Capital, Accenture, JP Morgan Chase, Deutsche Bank, HSBC and Credit Suisse.
With our Future ready Financial Services Model, we would like to be part of your journey to provide Cost-effective Value-Added Services with minimized Enterprise Risk thereby improving both your Top-line and Bottom line.
eData’s Bookkeeping Services are focused at reducing the finance and accounting burden of our clients by helping them with their management and accounting needs. Our personalized and professional online bookkeeping services cover the entire scope of bookkeeping and customers have the flexibility to choose what they require. We function just as customers’ virtual back office for all their bookkeeping and accounting work right from set-up, support, maintenance and consultancy with accounting. By outsourcing bookkeeping services to India, you can benefit from the cost advantages of eData’s customized finance and accounting services.
Our Bookkeeping Services include but not limited to:
Accounting & Financial Reporting Services
- Bank account reconciliation
- General ledger
- Expenses ledger maintenance
- Trial balance services
- Inventory services
- Day-to-day bookkeeping and accounting
- Management accounts produced quarterly
- Manual journal entry services
- Assets / equipment ledger maintenance
- Credit card reconciliation services
- Entry of transactions
- Accounting setup services
- Books balanced and reconciled quarterly
- Management accounts produced quarterly
- At eData we have a skilled and well trained finance and accounting services team who can provide efficient financial reporting services. Our accurate financial reporting services can help you gain a perspective of where your organization stands and help you make informed business decisions about your organization’s future. Among others we provide the following statements to our clients
- Profit & Loss Statement
- Sales Report preparation
- Profit & Loss Statement by Month
- Balance Sheet
- Statement of Cash Flow
- Bank Reconciliation Report
- Payroll Register
- Journal Entry and Check Register
- Detail General Ledger Report
- Accounts Receivable aging reports & summaries
Accounts Payable Services
eData provides Accounts Payable Services to customers all over the globe. Our Accounts payable service includes
- Data Capture: Receipt and management of all paper-based payables documents at our California mail sorting location. This includes receiving and processing incoming mail Sorting, Batch preparation, Scanning, Document indexing, Document storage and retrieval and 100% availability of scanned invoices
- Suspect Duplicate Analysis and Disbursement Services: eData utilizes extensive Audit and control mechanisms to eliminate the risk of duplicate payments and support recovery and reclamation through Manual and automated data entry,Three-way database matching & Electronic invoice processing. We specialize in all aspects of payments in minimal time to reduce customers’ floating costs.
- Exception Management/Resolution: This includes approval and exception routing, shortened month end closing process, documented audit trail, Audit and Reconciliation of scanned invoices.
- Full-time Employees: A dedicated employee will be assigned to your project full-time (160 hours per month) and you will be billed on a monthly basis. We also offer the flexibility of hiring a half resource (80 hours per month) if the volumes are not high.
- Hourly Rates: This model is suitable for less volume of work. Our typical price ranges from $8 to $15 per hour for a trained finance and Accounting associate